Question
Sweet Ltd. began its latest fiscal year on January 1, 2020, with 10,000 common shares outstanding. On April 1, Sweet sold 900 additional common shares.
Sweet Ltd. began its latest fiscal year on January 1, 2020, with 10,000 common shares outstanding. On April 1, Sweet sold 900 additional common shares. The company declared and issued a 20% stock dividend on June 1. On July 1, Sweet repurchased and cancelled 150 common shares. An additional 2,250 common shares were issued on September 1. On November 1, Sweet declared and issued a 2-for-one stock split. On December 1, Sweet issued an additional 100 shares. Following the fiscal year, Sweet declared and issued a 3-for-one stock split on February 1, 2021. The company issued its 2020 financial statements on March 10, 2021. Calculate the weighted average number of common shares that Sweet should use for calculating its EPS numbers for 2020.
Weighted average number of common shares | Enter your answer in accordance to the question statement shares |
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